COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

The June 2026 Independent Landlord Rental Performance Report from Chandan Economics and RentRedi shows rent collections stabilizing, though the recovery has become more uneven. On-time payments were little changed from May, late-payment pressure turned higher again, and full-payment resolution remained relatively firm.

This week’s Rental Housing Weekly Briefing examines signs of stabilization in multifamily rent growth, the latest Arbor-Chandan single-family rental investment trends, and a sharp pullback in multifamily housing starts.

NYC rent growth accelerated broadly in May, with Manhattan continuing to lead annual gains while stronger short-term momentum spread across all five boroughs.

National multifamily rent growth rose to 1.2% in May 2026 as monthly momentum and market breadth improved. While rent growth remains subdued nationally, several Midwest, Northeast, and coastal markets continue to outperform, highlighting the increasingly localized nature of apartment market conditions.

This week’s Rental Housing Weekly Briefing examines the May CPI report’s impact on the interest rate outlook alongside Federal Reserve Z.1 data showing continued growth in multifamily mortgage debt.

Rent growth has been broadly felt across New York City since 2020, but five ZIP codes stand out. Led by Brooklyn and Bronx neighborhoods, each saw asking rents rise by more than 50%.

Many current development targets require rates to fall, which the market is no longer expecting.

This week’s Rental Housing Weekly Briefing examines Yardi Matrix’s latest multifamily market data and the May jobs report, with both pointing to steady demand but continued pressure from elevated rates and soft rent growth.

With futures markets now pricing a greater-than-even chance of a Fed hike before year-end, rate relief is off the table for the foreseeable future.